Martela Corporation’s Half Year Report 1 January – 30 June

Core Viewpoint - Martela Corporation reported improved revenue and operating results for the first half of 2025, with a profitable operating result in the second quarter, indicating a positive trend in customer demand and operational efficiency [1][12][13]. Financial Performance - Revenue for April-June 2025 was EUR 24.6 million, a 17.0% increase from EUR 21.0 million in the same period last year [5][11]. - Revenue for January-June 2025 reached EUR 50.2 million, representing a 21.8% increase compared to EUR 41.2 million in the previous year [5][11]. - The operating result for April-June 2025 was EUR 0.1 million, recovering from a loss of EUR -1.6 million in the same quarter last year [5][12]. - The operating result for January-June 2025 was a loss of EUR -1.4 million, an improvement from EUR -3.8 million in the previous year [5][12]. - The result for the period in April-June 2025 was EUR -0.4 million, compared to EUR -2.1 million in the same period last year [5][9]. - Earnings per share for January-June 2025 were EUR -0.54, improving from EUR -1.04 in the previous year [5][9]. Market Demand and Orders - Customer demand strengthened in the first half of 2025, with total new orders increasing by approximately 8% compared to the same period last year [10]. - The order backlog at the end of the review period was approximately 20% higher than the same time last year, indicating a healthy demand outlook [10]. Operational Efficiency - The improvement in operating results was attributed to higher revenue and a decrease in administrative and fixed costs due to efficiency measures [12]. - The company expects to continue improving average profit margins for upcoming projects and products in the second half of 2025 [13][14]. Future Outlook - Martela anticipates revenue growth for the full year 2025 compared to the previous year, with a focus on improving profitability and cash flow [4][14]. - The company plans to invest in customer engagement and enhance its service channels while maintaining a focus on sustainability [15]. - The market situation is expected to improve slightly in the second half of 2025, driven by evolving work methods and accumulated needs for office space changes [17].